Commercial mortgages
Commercial mortgage advisers to help you choose the right mortgage for your business.
Find out how our commercial mortgage brokers can help you.
A commercial mortgage is a loan that is used to finance the purchase, construction, or improvement of a commercial property. It can be used for any type of business-related project, including the acquisition and development of land.
Commercial mortgages are secured against the property or assets of the business. In this way, they are different from personal mortgages, which are secured against your home.
Commercial mortgages are a type of loan that is used to finance commercial real estate.
This type of loan is ideal for businesses that need to purchase or build a new facility. The borrower would typically use the loan to pay for the cost of construction and land acquisition and other expenses associated with building such as architects, engineers, and lawyers.
Commercial mortgage loans are available in two forms – a fixed-rate loan or an adjustable-rate loan. The fixed-rate loans make it easier for borrowers to estimate their payments and interest rates over the life of the loan because they are locked into one interest rate during the term of the loan.
Some of the benefits include:
The risk involved in using a commercial mortgage is the same as with any other type of loan:
There is no doubt that commercial mortgages are more difficult to obtain than car loans. But, there is one loan type that is easier to obtain – a car loan. Car loans have shorter terms and higher interest rates than commercial mortgages, but they also have less stringent requirements for borrowers.
The difference between the two types of loans can be explained by the different levels of risk involved in each type. It’s easier to secure a loan on an asset with a higher level of risk because you’re asking for more money upfront as collateral.
Commercial mortgages are typically used by businesses, real estate investors, and other people who want to purchase a property.
In the past, commercial mortgages were mostly used for large-scale construction projects, but they can also be used for other purposes such as expanding a business.
Commercial mortgages are not typically offered in the same way as residential mortgages, which is why they might be more suitable for certain businesses. They can also be more expensive than residential mortgages because of their riskier nature.
The most common way to get a commercial mortgage is through the bank or building society with which you already have an account. If this isn’t an option, then you can contact us. We can deal with major lenders such as Barclays, Lloyds Bank, HSBC, or Santander.
Commercial mortgages are generally issued in fixed-rate loans with a set interest rate for a specific period of time. For example, an interest rate of 3% for 12 months would be charged on a loan.
Commercial mortgages in the UK have been a popular way to finance the property. They are relatively easy to obtain and offer a variety of benefits. However, there are alternatives that people should consider if they want to avoid paying high-interest rates and being tied down by high monthly repayments.
Most people in the UK have a commercial mortgage, and there are many alternatives for them to get a loan with. The options include getting a personal loan, taking out an overdraft, or borrowing from family and friends.
When considering taking out a commercial mortgage, one of the most important factors to consider is your personal situation.
A mortgage broker will help you to plan out what you can afford. This will make it easier for you to decide whether or not a commercial mortgage is an appropriate solution for your business.
There are additional costs and considerations you will need to factor in. These include the following:
• Interest rates
• Points
• Property taxes
• Insurance premiums
• Property taxes
• Maintenance costs
• Mortgage insurance
When applying for a commercial mortgage, you will need to complete a commercial mortgage application and provide:
There are many different types of commercial mortgages in the UK. They vary in the amount of money they can lend to borrowers, the length of time they last and the interest rate that is charged to borrowers.
Types of commercial mortgages:
Count Ready provides a range of UK commercial mortgages and commercial mortgage brokers.
Generate demand: We’ve been providing service to the finance industry for over many years, and our reputation speaks for itself. As a highly reputable broker, we’ve earned our position as the go-to service provider by providing great customer service, competitive pricing, and a wide range of services.
Best Commercial Mortgage Broker in the UK: Count Ready is one of the leading commercial mortgage brokers in the UK, with a track record of offering help to hundreds of customers every month. Our experienced team is always at hand to offer advice on all aspects of commercial mortgages.
Quality at an affordable price: Our goal is simple: provide quality service at an affordable price. We believe that every customer should receive top-level professional service with comprehensive knowledge that’s hard to find elsewhere – without paying too much!
We offer straightforward explanations of the various commercial mortgage options available to buyers. The flexibility of a commercial mortgage is essential in keeping your business afloat.
Comfort, security and stability – these are the words that come to mind when you think of your commercial property.
A safe, secure investment: If you’re unsure about how much of a risk your current situation could be, then why not take advantage of our fixed interest rates? We understand the amount of stress that can come with buying your first home or investing in a new business, so we offer flexible terms so that you can borrow over a longer period while taking advantage of our Capital Repayment Holiday option.
Capital repayment holiday: A capital repayment holiday is a wonderful way to save money and keep your business running smoothly. If you’re looking for a longer-term loan, we can help you secure the right mortgage to make your business flourish.
We are a hybrid mortgage broker and protection adviser. However, we want to make it clear that we do not have physical branch offices everywhere in the UK. You can get our services over the phone, online, and face-to-face in some circumstances.
Please keep in mind that while we may not be local to you, we may still assist you. Imagine if you had a long-term health issue that needed to be addressed. Would you rather have the person who is closest to you or the person who is the best? Now is the moment to put that critical thinking to work in your search.
Legal
Count Ready Limited is registered in England and Wales, No: 10283205. Registered Address: Unit 10, Robjohns House, Navigation Road, Chelmsford, England, CM2 6ND.
Count Ready Limited is an Appointed Representative of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference: 976111.
The FCA do not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies.
The information contained within this website is subject on the UK regulatory regime and is therefore targeted at consumers based in the UK.
We usually charge fees of £595 on offer, but we will agree to our fees with you before we undertake any chargeable work. We will also be paid by commission from the lender.
Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
Disclaimer: All content on the Count Ready website can only ever provide general information and does not constitute financial advice. For this reason, we always recommend that you speak to authorised advisers for your needs. (Please be aware that by clicking onto any outbound links you are leaving the www.countready.co.uk. Please note that neither Count Ready or Connect IFA are responsible for the accuracy of the information contained within the linked site(s) accessible from this website.)
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